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Pakistan's Crackdown on Afghan Refugees: A Controversial Move

In recent weeks, Pakistan has intensified its efforts to arrest Afghan citizens residing in the country without proper documentation. This move has sparked significant controversy, with the Afghan Embassy in Islamabad accusing Pakistan of attempting to expel all Afghan refugees from its territory. The Afghan Embassy issued a strongly worded statement, condemning the short timeframe given by Pakistani authorities and the unilateral nature of their decision. The embassy claimed that Afghan nationals in Islamabad and Rawalpindi have been subjected to arrests, searches, and orders to leave the cities and relocate to other parts of Pakistan. Pakistan's Foreign Ministry has dismissed these allegations, stating that the authorities are merely facilitating conditions for the swift return of Afghans to their home country. The ministry emphasized that Pakistan has long threatened to deport Afghans living in the country illegally. Prime Minister Shehbaz Sharif recently approved a March 31 dea...

Trade War Looms: Economists Brace for Impact as Loonie Weakens


As the specter of a trade war looms large, economists and market strategists are sounding the alarm, warning of potential repercussions for the Canadian economy. The recent announcement of sweeping tariffs by U.S. President Donald Trump on Canadian goods has sent shockwaves through financial markets, causing the Canadian dollar, or "loonie," to slide to its lowest level since 2003.

Top economists predict that if the tariff war persists, Canada's economy could face its most severe shock since the COVID-19 pandemic. The loonie's decline is expected to exacerbate inflationary pressures and increase the unemployment rate, potentially pushing the economy into a recession. 

Chief Economist Beata Caranci and Senior Economist James Orlando anticipate a "sharp negative reaction" in North American equity markets and further weakening of the loonie, which could drop as low as 65 US cents. The Bank of Canada may be forced to cut interest rates to mitigate the economic impact.

As the situation unfolds, market strategists advise investors to brace for volatility and consider safe-haven assets to weather the storm. The coming weeks will be crucial in determining whether negotiations can avert a full-blown trade war and stabilize the loonie.




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